Category Archives: Economics on the left

The deep state

If you are not spooked by all of this then you are made of tougher stuff than I am. MEDIA AND CIA FALL FOR ‘GOLDEN SHOWER’ HOAX… TAPPER, BLITZER RATTLED… YOU’RE ACTING LIKE NAZIS, TRUMP TELLS SPY CHIEFS… Russian tech … Continue reading

Posted in American politics, Economics on the left, Media | 48 Comments

Keynesian economics refuted eight times over

Who would know this? In fact, every legislator in Congress and the American president would know this, just no one else. But what we do know is that the American recovery has been the worst on record, without a single … Continue reading

Posted in American politics, Classical Economics, Economics on the left | 22 Comments

Did Rod Sims look at his own pictures?

Rod Sims gave a speech last week that has already required one correction: Correction: A previous version of this speech read: ‘…the revenue of Australia’s largest 100 listed companies increased from 15% of GDP in 1993 to 47% of GDP … Continue reading

Posted in Economics and economy, Economics on the left | 7 Comments

Piketty in Melbourne

I went to see Thomas Piketty on Friday night, author of the socialist tract of our time, Capital in the Twenty-First Century. The left has run out of all of the standard criticisms of capitalism, that it will crush the … Continue reading

Posted in Economics and economy, Economics on the left | 20 Comments

Deirdre McCloskey’s defence of the bourgeois virtues

A long interview with Deirdre McCloskey explaining why she wrote three thick books to rescue the productive people and the decent values which have made us prosperous and free from the “often idiotic” abuse from socialists and economic illiterates at … Continue reading

Posted in Cultural Issues, Economics on the left, History, Rafe | 8 Comments

Roundup recycled 20 years on

This is a roundup summary of an article by John O’Sullivan, ‘After Reaganism’, National Review, April 21, 1997. A prescient piece. O’Sullivan takes conservatives to task for being too slow in matching the shifting positions of radicals who have nimbly … Continue reading

Posted in American politics, Cultural Issues, Economics and economy, Economics on the left, Rafe, Rafe's Roundups | 41 Comments

A Milton Friedman sampler

Posted in Classical Economics, Economics on the left | 19 Comments

The triumph of Chairman Mao

Celebrations are planned to honour the achievements of Mao in China after the capture of the mainland by his communist forces in 1949. Concerts are to be held in Sydney and Melbourne town halls to honour Chinese communist leader Mao … Continue reading

Posted in Economics on the left, History, Rafe, Terrorism | 6 Comments

The consequences of socialism are never different

On Brazil from the Wall Street Journal: Much of the region bought Lula’s 2.0 version of big government. Concerns about the return of left-wing Latin populism and its potential damage to entrepreneurship and economic growth were met with assurances that … Continue reading

Posted in Economics on the left, International | 26 Comments

Australia Institute fabricates cherry picks data IV

The story so far: The Australia Institute published a briefing note that contained some very interesting graphs. The first graph showed Switzerland having a company tax rate of just 8.5%. The second graph excluded some some very high income economies … Continue reading

Posted in 2016 election, Economics on the left, Politics of the Left, Taxation | 4 Comments